Some important questions answered.
Do you act as the broker for the buyer or seller?
Completely depends on the situation. Generally we act for the buyer however there is many times a seller would like us to look after them.
Is it wise to get a second opinion?
It can’t hurt, however, you will find it unnecessary based on the information we provide at our initial meeting.
Can I get an appraisal if I’m not interested in selling?
Yes. There will most likely come a time when the appraisal will help you and it is far more valuable than you may realise. It gives you an idea about what the market is paying and empowers you to make more informed decisions in the future.
How long does it take to receive an offer?
Generally 7 days but it does come down to how quick you are at providing us with the requested information to get an indicative offer. Please email us at email@example.com for a list of requirements.
What are the main criteria for valuing my business?
In childcare we look at current occupancy, revenue and wages as the key drivers. Additionally the rent and any other subsidies the centre maybe receiving. Location, quality and viability also become a factor.
How long does the whole process take?
It can be as quick as 60 days, assuming we have all information required and we have an agreement on price. There are several external factors that can significantly influence time to settlement including: input from government departments, local authorities and landlords.
What is usually expected of the staff if I sell?
Our client retain ALL employees but you may be asked to adjust for the accrued annual, sick and long service leave at settlement.
Is my information kept confidential?
Absolutely. We have non-disclosure agreements with all our sellers and can limit the information made available if this is a concern. We are very conscious of the need to be discreet and this is unlikely to be an issue.